Recent data reveals that Base, an Ethereum layer-2 network, has achieved a new all-time high (ATH) total value locked (TVL) of $2.30 billion, surpassing its previous record and solidifying its position as a leading contender in the DeFi space.
It has been on an impressive growth journey so far this year, and recent observations indicate that it is solidifying its leading position.
The strong TVL growth indicates that a lot of liquidity has been flowing into the layer 2’s ecosystem. According to DeFiLlama, daily transactions on the Base network have been steadily growing this year. They also reached a new ATH this week.
Base Network Ethereum Layer 2 TVL Defi Cryptocurrency Growth
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